Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Short Interest Up 109.7% in May

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,517 shares, an increase of 109.7% from the April 30th total of 2,154 shares. Based on an average trading volume of 8,825 shares, the days-to-cover ratio is presently 0.5 days.

Navient Co. SR NT 6% 121543 Trading Up 0.1%

NASDAQ:JSM traded up $0.01 on Tuesday, hitting $18.35. The stock had a trading volume of 15,483 shares, compared to its average volume of 14,258. The business’s 50-day simple moving average is $18.39 and its two-hundred day simple moving average is $19.14. Navient Co. SR NT 6% 121543 has a 52-week low of $17.76 and a 52-week high of $20.65.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, June 12th.

About Navient Co. SR NT 6% 121543

Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.

Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.

Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.